IFRS Consulting in Canada
Edelkoort Smethurst Schein CPA's LLP of Edelkoort Smethurst Schein CPA's LLP is available to assist companies in Canada with initial preparation for IFRS. Read More
Edelkoort Smethurst Schein CPA's LLP of Edelkoort Smethurst Schein CPA's LLP is available to assist companies in Canada with initial preparation for IFRS. Read More
Given the credit crisis and financial turmoil during September and October 2008, it makes me wonder whether all the effort regarding SOX has been effective. In other words, SOX improved safeguards around internal controls, financial reporting, conflict of interests, transparency etc. Therefore, should we have expected the SOX program to have prevented or at least mitigated the financial crisis in the US? Read More
IFRS Project Consulting As changes to financial reporting, IT systems, business processes and perhaps entity controls evolve throughout the IFRS conversion time frame, it’s critical that internal controls, especially those related to NI 52-109 and SOX 404 certification, are maintained, redesigned and operate effectively throughout this project. Read More
IFRS - Other Considerations Read More
IFRS - Key Timelines and Requirements - Canada Read More
There is an excellent article in the September 2008 CA Magazine regarding IFRS, and I thought it would be helpful to share the information with visitors to this website. Read More
Edelkoort Smethurst Schein CPA's LLP was one of the “early adopters” and began using Microsoft VISTA during October 2007. Read More
Within the Revenue, Receivables and Receipts processes, the Cash Receipts is the final process, wherein all the hard work throughout the organization comes to fruition - the organization collects cash for goods and services that is has provided. Read More
Similar to the Revenue recognition process, for most companies the $ value of their Accounts Receivable represents one of the largest assets on their Balance Sheets, and accordingly, these amounts are usually very significant / material. Therefore, the SOX Business Process should be carefully reviewed and tested to ensure that no internal control gaps exist that could result in financial reporting misstatements. Read More
Canada will be adopting International Financial Reporting Standards (IFRS), effective January 1, 2011. This means that companies, for comparative purposes, will also be required to have their 2010 results reported using IFRS. Read More